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NJ S2713
Bill
Status
1/13/2026
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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Requires all electric and gas public utilities in New Jersey to file rate schedules with the Board of Public Utilities reflecting rates equal to or less than their 2020 calendar year rates.
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The Board of Public Utilities must approve the updated rate schedules within 30 days of receipt, and approved rates remain in effect for five years.
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Responds to a June 2025 electricity rate increase expected to raise bills by approximately 17-20% depending on the utility provider.
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Takes effect on the first day of the fourth month following enactment.
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Sponsored by Senators Timberlake (District 34) and Wimberly (District 35), with co-sponsors Burgess and Cryan, for the 2026 legislative session.
Legislative Description
Resets electric and gas public utility rates to 2020 levels for five-year period.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/13/2026